Changes in Fellow Bank's Management Team

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FELLOW BANK PLC STOCK EXCHANGE RELEASE 16.2.2023 AT 9:30 AM EET

Fellow Bank Plc has expanded its Management Team by appointing Essi Salmela M.Sc. (Econ. & Bus. Adm.) Chief Risk Officer, as a member of the Management Team as of 15 February 2023. Essi Salmela started as Chief Risk Officer at Fellow Bank Plc in April 2022, and her responsibility is to manage and develop the bank's risk control function. Prior to that, Essi has worked at the financial consulting company FCG Risk & Compliance Oy, as well as in expert positions at Nordea, PwC and BearingPoint.

In addition, Fellow Bank Plc has appointed Niklas Elomaa (BBA), the director responsible for digital channels, as a member of the Management Team as of 15 February 2023. Elomaa joined Fellow Bank in July 2022 when Fellow Bank acquired the entire share capital of Mobify Invoices Oy, and his responsibility is to manage and develop digital customer channels. Niklas has previously worked e.g. in Mobify Invoices Oy and insurance company Garantia.

Kukka Lehtimäki, CFO of Fellow Bank Plc, will be on parental leave from 3 March 2023. Christina Wallenius (BBA) will act as interim CFO and member of the Management Team from 3 March 2023 during Lehtimäki's parental leave.

"Essi and Niklas complement our Management Team with expertise and experience in the development of digital services and bank's risk management. Christina has a long previous experience in management positions in the bank's financial administration. With this strengthened composition of the Management Team, we can enhance Fellow Bank's strategy and business growth," says CEO Teemu Nyholm.

Further information

Teemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028

Fellow Bank in brief

Fellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki’s main list (FELLOW). www.fellowbank.com

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